Kathmandu, October 1
The stock market saw a significant surge on Tuesday, climbing by 114.70 points, or 4.57%. This jump pushed the index to 2,623 points. Additionally, the trading volume doubled, with transactions totalling Rs 7.61 billion, compared to Rs 3.71 billion the previous day.
Out of 243 companies, the share prices increased for most, while only one company saw a decline, and another remained unchanged. All sector indices showed gains.
The banking sector rose by 3.82%, development banks by 5.48%, finance companies by 9.74%, hotels and tourism by 5.97%, hydropower by 5.98%, investment by 6.10%, life insurance by 4.12%, manufacturing by 2.19%, microfinance by 3.98%, non-life insurance by 3.09%, others by 4.67%, and trading by 3.99%.
The share prices of two dozen companies increased by 10%, including Butwal Power, Gorkhas Finance, Goodwill Finance, Shree Investment Finance, Central Finance, Janaki Finance, Guheshwori Finance, ICFC Finance, Progressive Finance, Multipurpose Finance, Reliance Finance, Arun Kabeli Power, Dordi Khola Hydropower, Eastern Hydropower, City Hotel, Three Star Hydropower, Nepal Warehousing Company, Himal Dolakha Hydropower, Manjushree Finance, Nepal Finance, Best Finance, Excel Development Bank, Union Hydropower, Mid Solu Hydropower, and Pokhara Finance.
In terms of trading volume, NLG Insurance, Himalayan Reinsurance, Nepal Finance, CEDB Hydropower, and Api Power led the market.
